Global X U.S. Infrastructure Development ETF $PAVE Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 11.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 343,540 shares of the company’s stock after selling 42,707 shares during the period. Thrivent Financial for Lutherans’ holdings in Global X U.S. Infrastructure Development ETF were worth $14,971,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at approximately $720,000. Evergreen Capital Management LLC raised its position in Global X U.S. Infrastructure Development ETF by 2.1% in the second quarter. Evergreen Capital Management LLC now owns 505,086 shares of the company’s stock valued at $22,067,000 after purchasing an additional 10,505 shares during the period. MML Investors Services LLC lifted its stake in Global X U.S. Infrastructure Development ETF by 11.5% during the second quarter. MML Investors Services LLC now owns 527,482 shares of the company’s stock worth $22,988,000 after purchasing an additional 54,439 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in Global X U.S. Infrastructure Development ETF by 4.4% during the second quarter. Benjamin Edwards Inc. now owns 24,615 shares of the company’s stock worth $1,073,000 after purchasing an additional 1,028 shares in the last quarter. Finally, Byrne Financial Freedom LLC boosted its position in shares of Global X U.S. Infrastructure Development ETF by 9.3% during the second quarter. Byrne Financial Freedom LLC now owns 59,030 shares of the company’s stock worth $2,573,000 after buying an additional 5,016 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Up 17.6%

PAVE stock opened at $48.77 on Wednesday. The business’s fifty day moving average price is $47.84 and its 200 day moving average price is $46.20. Global X U.S. Infrastructure Development ETF has a 12-month low of $32.65 and a 12-month high of $46.26. The company has a market capitalization of $9.63 billion, a PE ratio of 23.34 and a beta of 1.24.

Global X U.S. Infrastructure Development ETF Company Profile

The Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of US-listed companies that derive the majority of their revenue from or have a stated business purpose related to infrastructure development.